Under Pressure
Our Pivot: 1753.50
Our Preference: Start short selling Gold below 1746.10 with strict stop loss of 1753.50 and profit target at 1734.10 and 1723.20.
Alternate Scenario: Upward penetration of 1753.50 will call for 1757 and 1761.
NOTE: GOLD is being capped by a descending trend line.
Chart with supports & resistances:
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